Trimble (TRMB) Q1 FY2026 earnings: revenue $940 million, up 11.8% on the year

Trimble Inc. (TRMB) reported revenue of $940 million for Q1 FY2026, the quarter ended 3 April 2026, up 11.8% on the same quarter a year earlier. Net income was $99 million, up 48.3% on the year, and diluted earnings per share $0.42. The figures are the company's own, from the 10-Q it filed with the SEC on 6 May 2026.

Revenue

$940 million

+11.8% on the year · -3.1% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

15.3%

11.6% a year earlier

Q2 FY2024Q1 FY2026

Net income

$99 million

+48.3% on the year · -36.8% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.42

+55.6% on the year · -35.4% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 2 lowered, 6 new, 1 kept.

Revenue grew 12 percent: Revenue was $939.9 million, up 12 percent year-over-year and 12 percent organically, against $840.6 million a year earlier.
Recurring revenue reached a record: Annualized recurring revenue was $2.43 billion, up 12 percent year-over-year and 12 percent organically. The February release had put ARR at $2.39 billion, up 6 percent reported and 14 percent organic.
Operating income margin rose: GAAP operating income was $144.0 million, 15.3 percent of revenue, against $97.5 million, or 11.6 percent, a year earlier. Non-GAAP operating income was $243.2 million, 25.9 percent of revenue.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	940	970	841	-3.1%	+11.8%
Cost of revenue	294	272	280	+8.1%	+4.9%
Gross profit	646	698	561	-7.4%	+15.2%
Gross margin	68.8%	72.0%	66.7%
Research and development	170	156	158	+8.7%	+6.9%
Operating income	144	216	97.5	-33.4%	+47.7%
Operating margin	15.3%	22.3%	11.6%
Interest expense	19.5	18.7	15.6	+4.3%	+25.0%
Pre-tax income	131	185	86.4	-28.9%	+52.0%
Income tax	32.4	28.0	19.7	+15.7%	+64.5%
Effective tax rate	24.7%	15.2%	22.8%
Net income	98.9	157	66.7	-36.8%	+48.3%
Net margin	10.5%	16.1%	7.9%
Diluted EPS	$0.42	$0.65	$0.27	-35.4%	+55.6%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	275	160	156	+71.4%	+76.5%
Capital expenditure	6.1	5.6	6.6	+8.9%	-7.6%
Free cash flow	269	155	149	+73.6%	+80.3%
Free cash flow margin	28.6%	16.0%	17.7%
Cash from investing	-5.1	-0.9	-14.5
Cash from financing	-286	-139	-611
Depreciation and amortisation	49.9	50.6	48.9	-1.4%	+2.0%
Share-based compensation	41.8	35.4	38.4	+18.1%	+8.9%
Buybacks	323	136	627	+137.4%	-48.5%
Diluted shares, weighted	237m	240m	246m	-1.2%	-3.8%
Shares outstanding at period end	232m	236m	237m	-1.8%	-2.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	5,637	5,836	5,419	-3.4%	+4.0%
Debt	1,413	1,392	1,391	+1.5%	+1.6%
Operating lease liabilities	n/a	141	n/a
Other liabilities	1,941	1,942	2,089	-0.1%	-7.1%
Total liabilities and equity	8,991	9,312	8,899	-3.4%	+1.0%
Fixed assets	181	183	187	-1.1%	-3.2%
Goodwill	5,214	5,240	5,107	-0.5%	+2.1%
Intangible assets	872	924	989	-5.6%	-11.8%
Cash and equivalents	234	253	290	-7.6%	-19.3%
Receivables	618	856	530	-27.9%	+16.4%
Inventory	188	186	187	+0.9%	+0.4%
Other assets	1,685	1,670	1,609	+0.9%	+4.7%
Total assets	8,991	9,312	8,899	-3.4%	+1.0%

Questions

What was Trimble's revenue in Q1 FY2026?

Trimble (TRMB) reported revenue of $940 million for Q1 FY2026, the quarter ended 3 April 2026, up 11.8% on the same quarter a year earlier.

How much did Trimble earn in Q1 FY2026?

Net income for Q1 FY2026 was $99 million, up 48.3% on the year, and diluted earnings per share $0.42.

When did Trimble report Q1 FY2026 results?

Trimble filed its 10-Q for the quarter ended 3 April 2026 with the SEC on 6 May 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	926	994	941	885	856	915	994	957	932	953	871	876	983	841	876	901	970	940	972	967
Cost of revenue	414	444	404	370	353	355	389	367	355	360	325	300	302	280	278	280	272	294	297	308
Gross profit	512	550	538	515	503	561	604	590	577	594	546	576	681	561	598	621	698	646	675	659
Gross margin	55%	55%	57%	58%	59%	61%	61%	62%	62%	62%	63%	66%	69%	67%	68%	69%	72%	69%	69%	68%
R&D	136	140	140	127	135	159	175	162	168	170	162	156	175	158	163	153	156	170	177	163
Operating income	128	157	135	122	96.7	137	93.6	121	96.9	109	61.6	116	174	97.5	128	150	216	144	132	142
Operating margin	14%	16%	14%	14%	11%	15%	9%	13%	10%	11%	7%	13%	18%	12%	15%	17%	22%	15%	14%	15%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	46.7	46.8	n/a	45.2	18.1	14.1	13.3	15.6	19.4	20.7	18.7	19.5	20.9	20.4
Pre-tax income	118	138	222	118	91.1	161	57.5	79.4	59.5	73.0	1,762	73.1	97.8	86.4	113	125	185	131	-445	121
Tax rate	2%	20%	24%	27%	6%	20%	22%	6%	-6%	22%	25%	44%	8%	23%	21%	11%	15%	25%	n/a	51%
Net income	115	110	168	85.8	85.6	129	44.6	74.9	63.0	57.2	1,316	40.6	90.2	66.7	89.2	112	157	98.9	-472	59.1
Net margin	12%	11%	18%	10%	10%	14%	4%	8%	7%	6%	151%	5%	9%	8%	10%	12%	16%	11%	-49%	6%
Diluted EPS	$0.45	$0.44	$0.67	$0.34	$0.34	$0.52	$0.18	$0.30	$0.25	$0.23	$5.34	$0.16	$0.36	$0.27	$0.37	$0.46	$0.65	$0.42	-$2.02	$0.25
Operating cash flow	155	153	48.8	83.3	106	209	142	147	98.9	234	87.6	94.9	115	156	-53.5	124	160	275	240	150
Capital expenditure	14.7	14.5	14.0	8.1	6.6	6.4	12.6	13.2	9.8	6.8	14.3	6.4	6.1	6.6	5.9	7.2	5.6	6.1	7.1	7.9
Free cash flow	141	138	34.8	75.2	99.5	202	130	134	89.1	227	73.3	88.5	109	149	-59.4	117	155	269	233	142
Buybacks	40.0	105	200	90.0	0.0	0.0	0.0	0.0	100	175	0.0	0.0	0.0	627	50.0	50.0	136	323	6.2	224
Shares outstanding	251m	250m	248m	247m	247m	247m	248m	249m	246m	244m	245m	246m	246m	237m	238m	238m	236m	232m	233m	230m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 3 April 2026, filed 6 May 2026: the filing.